Alterra Power Sells Partial Interest In Dokie I

Alterra Power Corp. has sold half of its 51% interest in the Dokie 1 wind farm to Fiera Axium Western Energy.

According to Alterra, the company received C$28.6 million from the sale and may receive further earn-out payments of up to C$2.3 million over the next three years, depending on asset performance.

Alterra will retain 25.5% ownership of Dokie 1 and will continue to operate and manage the project.

Alterra Power operates six power plants totaling 566 MW of generation capacity, including British Columbia's largest run-of-river hydro facility and largest wind farm, two geothermal facilities in Iceland, and a Nevada-based geothermal plant.